Automobile industry policy will have major reforms

Recently, it was learned from relevant parties that the new "Automobile Industry Development Policy" will undergo major changes in investment management, including the reform of the government's examination and approval management system for auto industry investment projects, and the implementation of two forms of filing and approval. At the same time, the investment threshold for new car projects is likely to increase significantly.

According to reports, the new "Automobile Industry Development Policy" stipulates that the total investment for a newly-built automobile production company shall not be less than 2 billion yuan, of which the self-owned capital shall not be less than 800 million yuan, and a finished product research and development institution shall be established at the same time. , And the investment must not be less than 500 million yuan. In addition, new investment projects for passenger cars and medium-duty truck manufacturers should include the production of engines for complete vehicles. The total investment in the investment projects of the new vehicle engine manufacturing enterprises shall not be less than 1.5 billion yuan, of which the self-owned funds shall not be less than 500 million yuan.

Another important change in the new policy is the establishment of an industry withdrawal mechanism, which stipulates that “special announcements shall be made for automobile production enterprises (including existing modified vehicle production enterprises) that cannot maintain normal production and operation. Such enterprises shall not be allowed to go to non-automobile and motorcycle manufacturers. And personal transfer of automobile and motorcycle production qualifications. In this way, the phenomenon of "enterprise death, catalog entry" that has been operated for a long time no longer exists.

Regarding the management of imported vehicles, the new policy allegedly stipulates that starting from 2005, all imported port bonded areas will no longer carry out imported automobile bonded warehousing and display (sales) services. However, at the same time, in order to comply with the World Trade Agreement, the new policy stipulates that “foreign investors can obtain brand sales and after-sales service of domestically-made cars or imported cars within the territory after obtaining the authorization from the automobile manufacturing enterprises and carrying out necessary formalities in accordance with relevant regulations”.

Chen Jianguo, Director of the Automotive Division of the Industrial Development Division of the National Development and Reform Commission, said in an interview that the finalization of the new industrial policy had already appeared “in the past few days,” but the specific day of the promulgation has yet to be decided. Before this, the industry generally rumors that the latest policy was announced yesterday.

It was also learned from informed sources that the text of the new "Automobile Industry Development Policy" has been issued to major auto companies, but it has triggered a strong reaction. Some private company executives also have considerable opinions on "not to transfer non-automobile and motorcycle production enterprises and individuals to qualify for the production of automobiles and motorcycles."

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